Subsidiary Company + Employment Pass

A foreign company can establish its presence in Singapore either by incorporating a subsidiary company or by opening a branch office or a representative office.

A Subsidiary Company in Singapore is a locally incorporated limited liability company with which the majority of shares are held by the local or foreign company.

This package is suitable for foreign companies who want to open a subsidiary company in Singapore and relocate its company executives to manage the company's operations in Singapore. In this case, the subsidiary company will be a limited liability company and majority shareholding will be with the parent company.

You will need Nominee director service on a temporary basis until the company executive has obtained employment pass and thereafter transfer the directorship to the company's locally resident director.

Each corporate shareholder
• Copy of incorporation certificate of parent company in home country
• Current extract of company particulars from Registrar of Companies
• Copy of MOA and AOA
• Copy of board resolution approving incorporation of Singapore company and authorized signatory

Each individual shareholder/director
• Non residents : Copy of passport and residential proof in home country
• Residents : Copy of NRIC/employment pass

A subsidiary company is an ideal choice for a foreign company to establish their presence in Singapore. A subsidiary is a locally incorporated private limited company which can be wholly owned by a foreign corporate. The liability of the foreign company is limited to the share capital subscribed by the parent company.

A Singapore-based subsidiary of a foreign company is considered as a tax-resident in Singapore and is entitled to following benefits:
• Benefits under Double Taxation Avoidance Agreements (DTAA)
• Income tax exemptions on foreign sourced dividends and service income
• Exemptions available for new start-up companies, upon meeting eligibility criteria

A subsidiary company, with at least one individual shareholder with minimum of 10% shareholding, is entitled to local tax incentives. New start-up companies pay zero tax on the first S$100,000 of chargeable income for the first three consecutive years.

Consulting

Company

Bridgeport Consulting is a leading and trusted provider of company incorporation and consulting services in Singapore. It also offers a wide array of corporate services for small and mid-size companies
+6597596485